Tag: Investments
Bitcoin Price Drops Below $59K with $230M Crypto Liquidations
Bitcoin's price recently fell below $59,000 due to concerns about potential sell pressure from Mt. Gox repayments and potential miner sales. This drop also affected other major cryptocurrencies such as ether and Solana's SOL....
Grayscale’s Bitcoin premium has Fallen to record lows below zero
Grayscale Investments' GBTC may be the absolute market leader but it is currently trading under fair value because the TSX Goal Bitcoin ETF is visiting record inflows.Grayscale Bitcoin Trust ($GBTC) is currently the largest...
Bitcoin’s Surge Boosts Small-Cap Companies’ Reserves: Strategies and Implications
Three small-cap companies, Thumzup Media Corporation, Solidion Technology, and Genius Group, have recently made headlines by incorporating Bitcoin into their treasury reserves. These companies, each with a market capitalization under $50 million, are taking...
Market Recovery Leads to Liquidation of 74,000 Positions: High Leverage Impact
Market Recovery Triggers Massive Liquidation of Over 74,000 Positions: Understanding the High Leverage ImpactIn a shocking turn of events, the cryptocurrency market witnessed the liquidation of over 74,000 positions following a modest recovery. This...
IBIT Options Trading Volume Hits $1.6 Billion by Mid-Day
Options trading for IBIT, the iShares Bitcoin Trust ETF, kicked off on November 19 at Nasdaq and quickly gained momentum. The trading volume surged to $446 million in the opening hours, with a significant...
Leah Wald’s Investment Firm Acquires Four Validators, Including Solana Network, for $18M
Leah Wald's investment firm, Sol Strategies (HODL), has made a significant move by acquiring four validators, including the Solana network, for a total of nearly $18 million. This purchase, made in cash and shares,...
Pennsylvania Bill Allocates $7 Billion State Fund for Bitcoin Reserve
Pennsylvania is making waves in the digital asset world with a groundbreaking bill that could allocate $7 billion from the state fund to establish a Bitcoin reserve. This move is seen as a strategic...
Maximizing Bitcoin Mining Revenue with AI Computing Solutions – Galaxy’s Latest Strategy
The fiercely competitive bitcoin mining industry is presenting miners with a clear choice: either transition to artificial intelligence (AI) computing or face financial losses. Galaxy Digital, founded by Michael Novogratz, is the latest company...
Michigan State Pension Fund Exposes $11 Million to Ethereum ETFs
Michigan's state pension fund recently made headlines by disclosing an exposure of over $11 million to spot Ethereum exchange-traded funds (ETFs) in its latest 13-F filing. This move positions Michigan as the first state...
Tax Benefits for Cryptocurrency Investments in Hong Kong
Virtual assets are potentially on track to receive new tax benefits in Hong Kong, according to Christopher Hui, the city's Secretary for Financial Services and the Treasury. This announcement was made during Hong Kong...
